SBD/4/Sports Media

NETWORK NEWS: MALONE BACKS TURNER'S BID FOR A NETWORK

     TCI Chair John Malone, addressing his company's annual
meeting, "threw his support" behind the bid of Turner
Broadcasting Chair Ted Turner to get a broadcast network.  But
with Time Warner (which owns a 19% stake in Turner) opposed to
any such bid, it "remained unclear" how Turner could follow
through on his plan.  An often-repeated scenario has Turner
combining with Seagram/MCA, which would swap its stake in Time
Warner for Time Warner's stake in Turner -- although it is
unclear how this would fit into Time Warner's plans (Geraldine
Fabrikant, N.Y. TIMES, 8/4).  The N.Y. POST reports that Wall
Street is doubtful Turner or anyone else will be able to mount a
competing bid to Westinghouse's CBS offer (Durie & Tharp, N.Y.
POST, 8/4).
     OTHER TUBE NOTES:  The L.A. TIMES reports that the lack of
details from Westinghouse on their plans for CBS "has upset the
network's more than 200 affiliates and spread fear among its
employees about their job security" (Sallie Hofmeister, L.A.
TIMES, 8/4)....Cap Cities/ABC would face a $400M termination fee
if its deal with Disney fell apart (AP/ATLANTA CONSTITUTION,
8/4)....Rockefeller Center, which is up for sale, is said to be
attracting interest from Disney and GE (AP/MILWAUKEE JOURNAL
SENTINEL, 8/4)....NBC has purchased Outlet Communications, a RI-
based three-station group, for $396M (USA TODAY, 8/4).
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